Hormel Foods Corporation (HRL) financial statements (2021 and earlier)

Company profile

Business Address 1 HORMEL PL
AUSTIN, MN 55912-3680
State of Incorp. DE
Fiscal Year End October 31
SIC 2011 - Meat Packing Plants (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments739688459444415347334
Cash and cash equivalents724673459444415347334
Short-term investments1515     
Receivables563594604641610612635
Inventory, net of allowances, customer advances and progress billings1,0571,0429649219869931,055
Inventory1,0571,0429649219869931,055
Prepaid expense25231616141415
Deferred tax assets   8787
Other current assets111475697
Total current assets:2,3952,3612,0502,0272,0302,0632,133
Noncurrent Assets
Finance lease, right-of-use asset67 
Operating lease, right-of-use asset60 
Property, plant and equipment3301,6291,5131,2031,1051,0121,002
Long-term investments and receivables291289273242240259264
Long-term investments291289273242240259264
Intangible assets, net (including goodwill)3,5163,5163,9213,1472,7382,5271,781
Goodwill2,4842,4822,7142,1201,8341,6991,226
Intangible assets, net (excluding goodwill)1,0321,0341,2071,027903827555
Other noncurrent assets251178190185182146145
Defined benefit plan, assets for plan benefits69133130
Other undisclosed noncurrent assets1,3801361951726  
Total noncurrent assets:5,8955,7486,0924,9494,3404,0773,323
TOTAL ASSETS:8,2908,1098,1426,9766,3706,1405,456
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities878984995930897873830
Accounts payable490590619553482495484
Accrued liabilities65624877827277
Employee-related liabilities165214225210251232210
Taxes payable30621476
Interest and dividends payable12711310190776753
Debt30    185 
Other undisclosed current liabilities115121143128156156125
Total current liabilities:1,0231,1051,1391,0581,0531,214955
Noncurrent Liabilities
Long-term debt and lease obligation309250625250250250250
Long-term debt, excluding current maturities309250625250250250250
Liabilities, other than long-term debt862828577728615674639
Deferred tax liabilities, net 98 6424
Deferred income tax liabilities176177
Liability, pension and other postretirement and postemployment benefits540536478530522509503
Other liabilities146115999993101112
Other undisclosed noncurrent liabilities(0) 197    
Total noncurrent liabilities:1,1711,0781,399978865924889
Total liabilities:2,1942,1832,5372,0361,9192,1381,844
Stockholders' equity
Stockholders' equity attributable to parent, including:6,0925,9215,6014,9364,4483,9983,606
Common stock88     
Additional paid in capital23118510714   
Accumulated other comprehensive loss(393)(400)(243)(248)(296)(226)(208)
Retained earnings6,2476,1285,7305,1634,7374,2163,806
Other undisclosed stockholders' equity attributable to parent(0) 88888
Stockholders' equity attributable to noncontrolling interest4444336
Total stockholders' equity:6,0965,9265,6054,9404,4514,0013,612
TOTAL LIABILITIES AND EQUITY:8,2908,1098,1426,9766,3706,1405,456

Income statement (P&L) ($ in millions)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Revenues9,5219,4979,5469,1689,5239,2649,316
Revenue, net9,1689,5239,2649,316
Cost of revenue
(Cost of Goods and Services Sold)
(7,657)(7,613)(7,550)(7,164)(7,365)(7,455)(7,751)
Other undisclosed gross profit0      
Gross profit:1,8651,8851,9952,0032,1581,8091,565
Operating expenses(730)(728)(855)(762)(873)(779)(689)
Other undisclosed operating income35395940393785
Operating income:1,1711,1961,1991,2801,3241,067962
Nonoperating income3832911633
Interest and debt expense(16)(18)(26)(13)(13)(13)(13)
Income from continuing operations before equity method investments, income taxes:1,1931,2101,1811,2791,3171,057952
Income from equity method investments     2418
Other undisclosed loss from continuing operations before income taxes     (24)(48)
Income from continuing operations before income taxes:1,1931,2101,1811,2791,3171,057922
Income tax expense(212)(231)(169)(432)(427)(370)(316)
Net income:9819791,013847891687606
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(1)(3)
Net income available to common stockholders, diluted:9809791,012847890686603

Comprehensive Income ($ in millions)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Net income:9819791,013847891687606
Other comprehensive income (loss)(101)(102)448(71)(19)(58)
Comprehensive income:8808771,017895820669548
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(1)(3)
Comprehensive income, net of tax, attributable to parent:8798771,017895819668544

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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